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Stock impact report

Time to Buy Lyft or Uber Technologies Stock for More Upside? [Yahoo! Finance]

Lyft, Inc. - Class A (LYFT) 
Last lyft, inc. - class a earnings: 2/11 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
After all, Lyft and Uber's stock have soared over the last year and are both up +20% in 2024. Let's see if there could be more short-term upside in Lyft or Uber shares and if their stocks should be considered after a market correction. Image Source: Zacks Investment Research Growth Trajectories Concentrating on its core ride-hailing business primarily in the U.S. and Canada, Lyft's total sales are expected to expand 16% in fiscal 2024 and jump another 13% in FY25 to $5.81 billion. Annual earnings are forecasted to dip to $0.61 per share in FY24 compared to $0.65 a share last year. However, FY25 EPS is anticipated to rebound and climb 55% to $0.94 per share. Image Source: Zacks Investment Research As for Uber, the company has continued to expand internationally including into Canada but throughout Europe, Latin America, and the Middle East as well. Uber has also stuck with incorporating food delivery into its services with sales projected to jump 16% in FY24 and forecasted Show less Read more
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